Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: RSRS on October 19, 2021, 05:19:16 AM
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A major upgrade for the Ethereum (ETH) network just got another update on its calendar as an important step towards a proof-of-stake (PoS) consensus algorithm, the Merge, is now expected to happen in May or June next year.
The necessary code could be completed by February, according to the Ethereum Foundation community manager Tim Beiko and other developers. The Merge refers to the event on the Ethereum 2.0 path when the current Ethereum mainnet "merges" with the beacon chain PoS system.
“We think ~4 months is a generous timeframe from having the code done to seeing the merge on mainnet. We think there's a chance [that the code being done] can [happen] by February (obviously, still a lot of unknowns!), so we decided to set the [difficulty] bomb based on that,” Beiko said.
More Information (https://cryptonews.net/en/news/ethereum/2278285/)
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We are all looking forward to the early current update of the Ethereum network, which has been going on for almost a year now. It was predicted that it will be completed in the first half of next year. Ethereum's major upgrade, of course, is the move from PoW to PoS. After this period, it will already be seen whether it was successful and what the updated ethereum will be like. I hope that in terms of functional qualities this coin will be one of the best, and given the fact that even today it is the most extensive network, its popularity, as well as the price, will have to grow significantly.